A share price of Box Inc [BOX] is currently trading at $26.54, up 2.91%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BOX shares have gain 4.69% over the last week, with a monthly amount glided 2.16%, and seem to be holding up well over a long-time horizon.
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On 1, March 2024, Super Micro Computer and Deckers Outdoor Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600. In a post published today on Yahoo Finance, S&P Dow Jones Indices (“S&P DJI”) will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S&P SmallCap 600 are no longer representative of the small-cap market space.
From an analyst’s perspective:
Box Inc [NYSE: BOX] stock has seen the most recent analyst activity on December 15, 2023, when UBS initiated its Buy rating and assigned the stock a price target of $36. Previously, Craig Hallum downgraded its rating to Hold on August 30, 2023. On January 10, 2023, downgrade downgraded it’s rating to Underperform and revised its price target to $24 on the stock. JP Morgan upgraded its rating to a Overweight and increased its price target to $34 on December 12, 2022. Credit Suisse initiated its recommendation with a Outperform and recommended $36 as its price target on November 22, 2022. Morgan Stanley upgraded its rating to Overweight for this stock on October 03, 2022, and upped its price target to $34. In a note dated September 13, 2022, KeyBanc Capital Markets initiated an Overweight rating and provided a target price of $34 on this stock.
Box Inc experienced fluctuations in its stock price throughout the past year between $23.29 and $34.16. Currently, Wall Street analysts expect the stock to reach $32.4 within the next 12 months. Box Inc [NYSE: BOX] shares were valued at $26.54 at the most recent close of the market. An investor can expect a potential return of 22.08% based on the average BOX price forecast.
Analyzing the BOX fundamentals
Trailing Twelve Months sales for Box Inc [NYSE:BOX] were 1.03B which represents 4.64% growth. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is -1.34 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-10.51.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.01 points at the first support level, and at 25.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.83, and for the 2nd resistance point, it is at 27.12.
Box Inc [BOX] reported earnings per share of $0.36 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.38/share, meaning a difference of -$0.02 and a surprise factor of -5.30%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.36 per share as compared to estimates of $0.35 per share, a difference of $0.01 representing a surprise of 2.90%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Box Inc [NYSE:BOX] is 1.12. Further, the Quick Ratio stands at 1.12, while the Cash Ratio is 0.66. Considering the valuation of this stock, the price to sales ratio is 3.70 and price to earnings (TTM) ratio is 135.20.
Transactions by insiders
Recent insider trading involved Smith Dylan C, Chief Financial Officer, that happened on Feb 09 when 13000.0 shares were sold. Chief Financial Officer, Smith Dylan C completed a deal on Jan 10 to sell 13000.0 shares. Meanwhile, VP Chief Acct Ofr & Controller Berkovitch Eli sold 7750.0 shares on Jan 09.
